Legal Agreement – NBC Institute

BL – Nov 2020 – L1 – SA – Q9 – Law of Contract

Objective question on understanding the nature of legally enforceable agreements.

Question

9. A voluntary agreement between two or more persons, which confers legally enforceable rights, duties, and liabilities on the parties is called a/an
A. Contract
B. Offer
C. Guarantee
D. Warranty
E. Condition

Answer

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Tags: Contract, Legal Agreement, Offer and Acceptance, Rights and Duties
Level: Level 1

Topic: Law of Contract
Series: NOV 2020

BL – May 2023 – L1 – SA – Q5 – Hire Purchase and Consumer Credit Transactions

Identify the circumstances under which a hire purchase contract can be terminated.

Question

Which of the following could signify the termination of a hire purchase contract?

A. New agreement
B. Dissatisfaction
C. Reclusion
D. Reproduction
E. Discouragement

Answer

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Tags: Consumer Credit, Contract Termination, Hire Purchase, Legal Agreement
Level: Level 1

Topic: Hire Purchase and Consumer Credit Transactions
Series: MAY 2023

BCL – Nov 2020 – L1 – Q4b – Contract Law

Assess the legal effect of a company's acceptance of a tender in a contract.

Question

A Company known as Asempa Quarry Ltd, invited tenders for the supply of 2000 bulldozers to be delivered within seven months. Maxwell put in a tender intimating that he is prepared to supply the bulldozers at fifty thousand Ghana Cedis (GH¢50,000.00). The company accepted the tender by a letter, and subsequently gave various orders which were executed by Maxwell. The Director of Finance claims there is no valid agreement to support the payments.

Required:
i) State briefly the legal effect of the company’s actions.

(6 marks)

ii) The maxim “Caveat Emptor” and “Caveat Venditor” sound a note of caution to contracting parties.
State THREE (3) things that are required of a wary contracting party. (6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Acceptance, Contract Law, Legal Agreement, Tender
Level: Level 1

Topic: Contract Law
Series: NOV 2020

BL – Nov 2020 – L1 – SA – Q9 – Law of Contract

Objective question on understanding the nature of legally enforceable agreements.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Contract, Legal Agreement, Offer and Acceptance, Rights and Duties
Level: Level 1

Topic: Law of Contract
Series: NOV 2020

BL – May 2023 – L1 – SA – Q5 – Hire Purchase and Consumer Credit Transactions

Identify the circumstances under which a hire purchase contract can be terminated.

Question

Which of the following could signify the termination of a hire purchase contract?

A. New agreement
B. Dissatisfaction
C. Reclusion
D. Reproduction
E. Discouragement

Answer

Find Related Questions by Tags, levels, etc.

Tags: Consumer Credit, Contract Termination, Hire Purchase, Legal Agreement
Level: Level 1

Topic: Hire Purchase and Consumer Credit Transactions
Series: MAY 2023

BCL – Nov 2020 – L1 – Q4b – Contract Law

Assess the legal effect of a company's acceptance of a tender in a contract.

Question

Required:
i) State briefly the legal effect of the company’s actions.

(6 marks)

ii) The maxim “Caveat Emptor” and “Caveat Venditor” sound a note of caution to contracting parties.
State THREE (3) things that are required of a wary contracting party. (6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Acceptance, Contract Law, Legal Agreement, Tender
Level: Level 1

Topic: Contract Law
Series: NOV 2020

Question Tag: Legal Agreement

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BL – Nov 2020 – L1 – SA – Q9 – Law of Contract

Objective question on understanding the nature of legally enforceable agreements.

BL – May 2023 – L1 – SA – Q5 – Hire Purchase and Consumer Credit Transactions

Identify the circumstances under which a hire purchase contract can be terminated.

BCL – Nov 2020 – L1 – Q4b – Contract Law

Assess the legal effect of a company's acceptance of a tender in a contract.

BL – Nov 2020 – L1 – SA – Q9 – Law of Contract

Objective question on understanding the nature of legally enforceable agreements.

BL – May 2023 – L1 – SA – Q5 – Hire Purchase and Consumer Credit Transactions

Identify the circumstances under which a hire purchase contract can be terminated.

BCL – Nov 2020 – L1 – Q4b – Contract Law

Assess the legal effect of a company's acceptance of a tender in a contract.

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Question Tag: Legal Agreement

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BL – Nov 2020 – L1 – SA – Q9 – Law of Contract

Objective question on understanding the nature of legally enforceable agreements.

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BL – May 2023 – L1 – SA – Q5 – Hire Purchase and Consumer Credit Transactions

Identify the circumstances under which a hire purchase contract can be terminated.

You're reporting an error for "BL – May 2023 – L1 – SA – Q5 – Hire Purchase and Consumer Credit Transactions"

BCL – Nov 2020 – L1 – Q4b – Contract Law

Assess the legal effect of a company's acceptance of a tender in a contract.

You're reporting an error for "BCL – Nov 2020 – L1 – Q4b – Contract Law"

BL – Nov 2020 – L1 – SA – Q9 – Law of Contract

Objective question on understanding the nature of legally enforceable agreements.

You're reporting an error for "BL – Nov 2020 – L1 – SA – Q9 – Law of Contract"

BL – May 2023 – L1 – SA – Q5 – Hire Purchase and Consumer Credit Transactions

Identify the circumstances under which a hire purchase contract can be terminated.

You're reporting an error for "BL – May 2023 – L1 – SA – Q5 – Hire Purchase and Consumer Credit Transactions"

BCL – Nov 2020 – L1 – Q4b – Contract Law

Assess the legal effect of a company's acceptance of a tender in a contract.

You're reporting an error for "BCL – Nov 2020 – L1 – Q4b – Contract Law"

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Customer

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